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I was looking at triggers for a trading strategy and asked AI to give me some ideas.. here's what it said
Here are several potential trading trigger ideas that could capitalize on momentum and market psychology:
Failed Double Top/Bottom Pattern
When a second peak/trough fails to r
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So I've been using the Dow Strike trading robot now for a couple of months and here are the results! 37 days of trading, 34 profitable and 3 losing.. made a total of $12,821.58 on a $100k account.. that's a 12.8% return in 2 months! It's particularly active from the US open and can open up 20-50 tr
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I have an associate, some guy I met online who I talk to about trading... he's an interesting character and one of the best traders that I've ever known. I'd like to say he's a friend as we do share a bit of information about each other besides our interest in trading but I've not met him in person
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The Futures magazine is a magazine that I read in Borders when I visit. It is published in the US and Borders in the UK are the only bookshop who import magazines.
However, I found a link to get a free subscription of this magazine for those in the US and Canada meaning that I don't get a chance to get this! Oh well, something for my American and Canadian trader friends or simply if you want a free magazine subscription!
Visit here
http://daytradingradio.tradepub.com/free/fum/?p=f
May 31, 2008
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A few days later after my long trade with EURCHF which should have yielded a nice 180 pips (of which I took none... see previous post for reasons).. another trigger was initiated but this time on the short side. The stochastics crossed and the trend line indicated short. I went short at 1.6275 with a 50 point stop and a 50 point target.
The market fell sharply and I took my profit at 1.6235 for 40 points! I am still unable to ride the trends.. I was thinking it being Friday and the market b
May 30, 2008
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I have been busy today and posted quite a few times in a short space of time!
Anyway, I entered another trade after the previous and make all the losses back to close at 0.3 points in profit! Hoorah, at least it wasn't a loss!
As I mentioned earlier, I was talking about the head and shoulders pattern. It wasn't a perfect pattern but as I write, the market has indeed reversed and hit my targetted endpoint at 1388 and indeed has gone beyond this!
In addition, I didn't mention my Fibonacci
May 28, 2008
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